Economics
On Thursday, Vice President Kashim Shettima said that President Bola Tinubu’s economic reforms in the past year has saved the nation, albeit the poor state of things when the previous government handed the reins over to him. “His Excellency, President Bola Tinubu, chose the option that will save the life of the nation instead […]
The Organized Labour in Kogi State has demanded the immediate implementation of N35,000 wage award for workers in the State. On Wednesday while addressing the May Day rally, in Lokoja, the Kogi State Chairman of the Nigerian Labour Congress, Gabriel Amari stated the adjustment is only fair considering the current prevalent economic situation of […]
Nigerians are currently walking through fire, to survive daily life in the country. The recent hurdle is the hefty price to move from home to workplace as fuel prices continue to rise, putting added strain on wallets. Many a transport worker have had to rely on black market sellers to acquire the fuel required […]
The Nigerian Navy Ship Pathfinder (NNS) rescued over 250 persons, including children were rescued by the in a boat mishap, that occurred along Buguma waterways in Asari-Toru Local Government Area of Rivers State. The incident occurred on Sunday at around 10:30pm, after the cargo boat, MV Precious Emmanuel, conveying goods worth millions of Naira […]
President Bola Tinubu on Sunday, at the Special World Economic Forum in Riyadh, Saudi Arabia, said that Nigeria would have gone bankrupt if his administration had not discontinued fuel subsidy payments. Recall that one of the first courses of action, for President Tinubu upon assuming office in May 2023, was to implement the discontinuance […]
The Federal Competition and Consumer Protection Commission has sealed the Chinese supermarket located within the China General Chamber of Commerce in Abuja. Recall that Nigerians had expressed outrage over a discriminatory policy implemented by the Chinese Supermarket for barring Nigerians. According to the facility manager of the complex, Shaibu Sanusi, Nigerians from outside […]
Considering the sustained increase in the price of jet fuel over the last four years, indigenous carriers were forced to enhance operations by raising ticket prices. However, due to the imminent supply of aviation fuel, otherwise known as Jet A1, by Dangote Refinery, there are strong indications that domestic airlines operators may reduce ticket prices […]
This year the naira plunged to an all-time low of 1,800/$ on the black market in February. In its attempt to save the naira, the CBN under the leadership of Governor Olayemi Cardoso raised interest rates by a combined record 600 basis points in its two meetings in February and March. The CBN […]
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